ENSCO Pressures FHT to Meet Delivery Deadline

ENSCO has informed Fairmount Heavy Transport N.V. (FHT) that unless its heavy transport vessel Fjord can mobilise immediately and arrive in West Africa by August 31st they will need to seek an alternative transportation option to remove the ENSCO 100 from its current location.

It will not be possible for FHT to meet this timetable. However, ENSCO has also requested a right of first refusal to utilize the Fjord in the event they are detained in their present location and Fjord is able to sail. FHT has agreed to this right of first refusal, which would reinstate the contract with a change in the loading window.

Philip Adkins, CEO, stated "We are disappointed that we cannot be of immediate assistance to ENSCO. The situation surrounding their rig and their need to depart is clearly critical. We have done everything possible to assist them and will continue to advise them of the ongoing status of the Fjord conversion so as to be available to serve their transport needs at the earliest possible date."

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